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Jennifer H. Mak, Chief Accounting Officer at Axon Enterprise NASDAQ:AXON, sold 75 shares of common stock on September 3, 2025, at a price of $723.50, for a total value of $54262. The transaction comes as Axon, currently valued at $58.4 billion, trades near its 52-week high after delivering a remarkable 109% return over the past year. According to InvestingPro analysis, the stock appears to be trading above its Fair Value.
The transaction was executed under a Rule 10b5-1 trading plan adopted on March 14, 2025, and consisted of shares issued upon the settlement of vested restricted stock units. On September 2, Mak also disposed of 85 shares of common stock at $747.29, to cover tax obligations, for a total value of $63519. Following these transactions, Mak directly owns 15,080 shares of Axon Enterprise. InvestingPro subscribers can access 17 additional key insights about AXON, including detailed financial health metrics and comprehensive valuation analysis in the Pro Research Report.
In other recent news, Axon Enterprise has seen significant developments that may interest investors. The company reported a strong quarterly performance with revenue growth of 33%, surpassing Wall Street’s expectations of 27%. This impressive result was noted by TD Cowen, which raised its price target for Axon to $925 while maintaining a Buy rating. Similarly, BofA Securities increased its price target to $1,000, citing strengthening momentum across Axon’s business segments. Craig-Hallum also upgraded Axon’s stock from Hold to Buy, highlighting the company’s impressive Q2 results and reaccelerated bookings and Annual Recurring Revenue growth.
In addition to financial performance, Axon Enterprise announced the appointment of Todd Morgenfeld to its board of directors. Morgenfeld will serve as an independent director with roles on the Audit Committee and the Mergers and Acquisitions and Capital Structure Committee. His compensation package includes restricted stock units and annual cash compensation. These developments underscore Axon’s ongoing expansion and strategic initiatives, as noted by TD Cowen after a recent meeting with Axon management discussing growth drivers, AI initiatives, and international expansion.
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